The Elephant of Ecommerce

Some interesting news reported by Reuters regarding some of China’s largest commerce and technology outfits teaming up:

By teaming up with Tencent and Baidu, Wanda will become the biggest online-to-offline e-commerce platform in the world, said Dong Ce, the chief executive of the new venture. Online-to-offline, or O2O, involves people using their smartphones to find and purchase goods and services, often physically close to them.

If most folks didn’t believe that the country is leading the world in terms of pushing forward ecommerce, maybe they will start to take notice with news like this.